Verizon offloads cloud business to IBM as strategy takes shape amid flagging financials
Verizon has reached an agreement with US tech giant IBM to sell its cloud and managed hosting service for an undisclosed sum as ...
Tag: Wells Fargo
Verizon ups the ante on AT&T’s Straight Path offer by 12.5% as spectrum war heats up
US telecoms giant Verizon has reportedly raised rival AT&T’s buyout bid for Straight Path Communications by US$200m as telcos face off for spectrum in a battle ...
AT&T to buy Straight Path for US$1.6bn to bolster 5G groundwork
US telco giant AT&T is acquiring internet service and telecoms start-up Straight Path Communications and its portfolio of millimetre wave (mmWave) spectrum ...
Comcast challenges top US carriers with Xfinity launch
US cable giant Comcast has launched new mobile telecoms operator Xfinity Mobile as it seeks to retain customers who have been switching to rivals’ “quad-play” ...
American Tower Corp priced €500m of notes amid growing international revenues
US towerco REIT American Tower Corporation sold €500m (US$539m) of new eight-year notes to repay debt as past tie-ups have led to elevated leverage. Fitch ...
Rockwell Collins prices US$4.65bn in notes to partly fund B/E Aerospace buy
US aircraft and satcoms solutions provider Rockwell Collins will use proceeds from a US$4.65bn bond to fund a portion of ...
CS&L in strategy diversification with fibre-rich Hunt Telecom acquisition
US REIT Communications Sales & Leasing (CS&L) – which will soon change its name to Uniti Group – has agreed to buy Hunt Telecom for US$170m in ...
Verizon gets a US$350m discount on Yahoo deal following massive data breaches
Yahoo has agreed to cut US$350m off its original US$4.83bn sale price to appease its prospective buyer Verizon. It comes after two ...
Kacific orders US$147m high-speed broadband satellite from Boeing
Singapore startup Kacific has ordered its first satellite to deploy high-speed broadband across South East Asia and the Pacific after raising US$147m through ...
OneWeb the beneficiary as Softbank begins US investment programme
Ambitious satellite broadband venture OneWeb has confounded its critics by closing its second funding round to secure US$1.2bn in fresh capital, most ...
